Integrated Freight Corp. announced that its chief executive officer, Paul Henley, recently appeared on the “New Captains of Industry” television show hosted by George Jarkesy Jr., market commentator, institutional fund manager and chairman of the National Eagles and Angels Association. The eight-minute interview covered the current state of the trucking industry, Integrated Freight’s rollup strategy, the present state of the company and where IFCR and the rest of America’s trucking firms are headed over the next 12 to 24 months.
At the outset of the discussion, Henley related that 2007 to 2009 was a difficult time for the U.S. trucking industry and that while the “rest of the economy was in a recession, the freight business was in a depression.” Henley then referenced industry experts who have stated that “up to 16-17 percent of the overall capacity of freight by truck in America is gone.” He further outlined Integrated’s goal to “find the companies that were survivors, that were able to thrive, and to come together to make a bigger, stronger company.”
Henley explained that this situation has allowed IFCR to make three strong acquisitions thus far, with an additional three companies under LOI. The company’s plans are augmented by its high-tech approach to control everything from GPS tracking its trucks to remotely controlling the temperature within the refrigeration units. Another key point made by Henley that is contributing to the company’s bottom line is the savings inherent in the economies of scale in fuel and insurance, which he believes only will get better with the next round of acquisitions.